By Nate Wolf

Shares of Advance Auto Parts rose sharply Thursday after the automotive supplier reported better-than-expected quarterly results.

The company posted earnings of 92 cents a share for the third quarter, beating Wall Street's call for 76 cents. Sales totaled $2 billion, in line with analysts' estimates, with same-store sales rising 3% from the prior year. Analysts had expected same-store growth of 2.3%, according to FactSet.

Advance Auto stock jumped 21% to $66.81 in premarket trading Thursday. Shares were up 17% this year through Wednesday's close and 53% over the last 12 months.

"We delivered our strongest quarterly performance in over two years," said CEO Shane O'Kelly in a statement, noting that the company remains in the first year of an attempted long-term turnaround.

Advance Auto now anticipates same-store sales growth of 0.7% to 1.3% for the year, narrowing its previous range of 0.5% to 1.5%. Adjusted earnings are expected to come in between $1.75 and $1.85 a share, representing a slight uptick at the midpoint from the company's previous estimate of $1.20 to $2.20 a share.

Write to Nate Wolf at nate.wolf@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

October 30, 2025 07:49 ET (11:49 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.